(NEW YORK, NY) – Time Warner Cable Inc. (NYSE:TWC) today announced that it has commenced an underwritten public offering of debt securities with maturities of 10 and 30 years. The net proceeds from the issuance of the debt securities are expected to be used for general corporate purposes, which may include the repayment of debt.
The debt securities will be issued by Time Warner Cable Inc. and guaranteed by its subsidiaries TW NY Cable Holding Inc. and Time Warner Entertainment Company, L.P. Goldman, Sachs & Co., J.P. Morgan Securities LLC and Merrill Lynch, Pierce, Fenner & Smith Incorporated are joint book-running managers.
Time Warner Cable Inc. has filed a registration statement on Form S-3 (including a prospectus) with the Securities and Exchange Commission (“SEC”) for this offering. Interested parties should read the prospectus in that registration statement, the preliminary prospectus supplement for this offering and the other documents that Time Warner Cable Inc. has filed with the SEC that are incorporated by reference into the preliminary prospectus supplement for more complete information about Time Warner Cable Inc. and this offering. These documents are available at no charge by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, copies of the prospectus and preliminary prospectus supplement relating to the offering will be made available by any underwriter or dealer participating in the offering to interested parties who make a request by contacting Goldman, Sachs & Co., Prospectus Department, 200 West Street, New York, NY 10282, (866) 471-2526, facsimile: (212) 902-9316, email: firstname.lastname@example.org; J.P. Morgan Securities LLC, 383 Madison Avenue, New York, NY 10179, Attention: High Grade Syndicate Desk, 3rd Floor, (212) 834-4533, facsimile (212) 834-6081; and Merrill Lynch, Pierce, Fenner & Smith Incorporated, Attention: Syndicate Operations, 100 West 33rd Street, 3rd Floor, New York, NY 10001, (800) 294-1322, email: email@example.com.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these debt securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state.
Caution Concerning Forward-Looking Statements
This document includes certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on management’s current expectations or beliefs, and are subject to uncertainty and changes in circumstances. Actual results may vary materially from those expressed or implied by the statements herein due to changes in economic, business, competitive, technological, strategic and/or regulatory factors and other factors affecting the operations of Time Warner Cable Inc. More detailed information about these factors may be found in filings by Time Warner Cable Inc. with the SEC, including its most recent Annual Report on Form 10-K and Quarterly Reports on Form 10-Q. Time Warner Cable Inc. is under no obligation to, and expressly disclaims any such obligation to, update or alter its forward-looking statements, whether as a result of new information, future events, or otherwise.
Alex Dudley (212) 364-8229
Justin Venech (212) 364-8242
Tom Robey (212) 364-8218
Laraine Mancini (212) 364-8202